Brazil's Pix payment system faces pressure from Visa and Mastercard
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Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#2It would be Un-American to overlook any chance to forcibly intervene in a Latin America country for the financial benefit of a large American company...wouldn't it?
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#3Every country should have this.
Why would you let America take 2-3% of your transaction volumes?
It perhaps made sense when the technology was difficult, and America was trusted, but ...
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#4Every country should have this. Why would you let America take 2-3% of your transaction volumes? It perhaps made sense when the technology was difficult, and America was trusted, but ...
I misunderstood, psd2 is Europe's equivalent.
And yes, every country should have this. Even America
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#5Heh, Lula has a just slight lead on the elections this year.
If he cedes to the pressure, odds are he will so completely destroy his popularity that he won't even be able to be a candidate. He almost certainly knows that.
The pressure is irrelevant. Pix is not going away.
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#6Every country should have this. Why would you let America take 2-3% of your transaction volumes? It perhaps made sense when the technology was difficult, and America was trusted, but ...
> Why would you let America take 2-3% of your transaction volumes?
I don't think VISA/Mastercard takes such a fee? (They'd be some of the biggest companies in the world if they did.)
The fees they charge are actually fractions of a percent, the rest are charged by the card issuer, which is usually your bank.
You could, in theory, use the VISA network and not pay those fees to a card issuer.
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#7Pix is for domestic use right? So tourists who come to Brazil still use Visa and Mastercard as well as Brazilian tourists who travel abroad. Visa and Mastercard are companies of the past, crypto and stablecoins will destroy them sooner or later.
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#8Pix is for domestic use right? So tourists who come to Brazil still use Visa and Mastercard as well as Brazilian tourists who travel abroad. Visa and Mastercard are companies of the past, crypto and stablecoins will destroy them sooner or later.
"crypto and stablecoins will destroy them sooner or later."
LOL!
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#9Every country should have this. Why would you let America take 2-3% of your transaction volumes? It perhaps made sense when the technology was difficult, and America was trusted, but ...
It's interesting that we live in 2026 and people still don't understand the fees of credit card processing.
Visa charges only a Assessment fee the majority goes to Issuer Bank +PSP.
E.g: Interchange fee (0.8-1.8%): Paid by acquirer to issuer (card-holding bank)
Assessment fee (0.1-0.3%): Paid to card network (Visa, Mastercard)
Acquirer margin (0.3-0.8%): Retained by merchant’s payment processor
Re: Brazil's Pix payment system faces pressure from Visa and Mastercard
#10Pix is for domestic use right? So tourists who come to Brazil still use Visa and Mastercard as well as Brazilian tourists who travel abroad. Visa and Mastercard are companies of the past, crypto and stablecoins will destroy them sooner or later.
"crypto and stablecoins will destroy them sooner or later." LOL!
I meant digital dollar and digital euro, you won't need Visa and Mastercard anymore.